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Russia's Currency Crisis

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The price of oil and economic sanctions have panicky Russian consumers rushing to buy whatever they can as the ruble loses its value, but at today's three-hour, end-of-the-year news conference, Vladimir Putin said, not to worry: the crisis will only last a couple of years.  He blamed the US and Europe, said the Russian bear won't be chained up -- saying he was referring to nuclear weapons.

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We look at what might be in store for Ukraine and at the role of Saudi Arabia in Russia's economic decline.

Credits

Guests:
Alec Luhn - Guardian - @ASLuhn, Michael McFaul - Stanford University, author of “From Cold War to Hot Peace: An American Ambassador in Putin’s Russia” - @McFaul, Edward Lozansky - American University in Moscow - @EdwardLozansky, Andrew Kuchins - Center for Strategic and International Studies - @CSISRussia

More:
AP poll on support for Putin even as Ruble falls, Luhn on Russians frustration over ruble crisis, blaming the west, McFaul on panic that could lead Putin to sack his government, Kuchins on Putin's dilemma

Host:
Warren Olney

Producers:
Katie Cooper, Andrea Brody, Sáša Woodruff